Dow hits fresh record as chip rally powers best quarter for the S&P since 2020
TL;DR Summary
U.S. stocks rose on Tuesday, with the Dow edging to a new record above 52,000, the S&P 500 up 0.8% for the quarter—the strongest since 2020, and the Nasdaq up about 1.5% as chipmakers rallied, with the SOX posting a record quarterly gain as oil fell and the dollar strengthened ahead of the June jobs report and a Supreme Court ruling preserving Federal Reserve independence.
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